Nov 2, 2021 - Economy & Business
Snapshot of the IPO frenzy
With two months still remaining in 2021, U.S. IPOs have already sped past the total number of offerings in any prior full year.
The big picture: The activity was driven by a Q1 boom, especially in SPAC offerings.
- Q3 saw “only” 175 IPOs, well short of the 450 in Q1, but far above a typical quarter historically, according to FactSet data.
The biggest IPO of Q3 was Robinhood Markets, which raised about $2 billion in an offering that valued the company at $32 billion.
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